The Japanese consume relatively more fish and less meat than people in other developed countries. In 1995, Worldwatch Institute President Lester R. Brown pronounced: "[I]f the Chinese were to consume seafood at the same rate as the Japanese do, China would need the annual world fish catch." (Source: Lester R. Brown, Who Will Feed China?, New York: Norton, 1995, p. 30.)

a)On a single figure, draw the world demand and supply of fish. (Hint: You are free to assume any data necessary to draw the curves.)

b)Using your figure, explain how increases in the Chinese demand for fish would affect the world market.

c)How would increases in the Chinese demand for fish affect Japanese consumption of fish?

d)Is it likely that China would consume the entire world fish catch?

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